Wall Street analysts expect that Camden Property Trust (NYSE:CPT) will announce $1.13 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Camden Property Trust’s earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $1.12. Camden Property Trust posted earnings of $1.09 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, May 3rd.
According to Zacks, analysts expect that Camden Property Trust will report full-year earnings of $4.73 per share for the current financial year, with EPS estimates ranging from $4.64 to $4.78. For the next fiscal year, analysts expect that the company will post earnings of $4.98 per share, with EPS estimates ranging from $4.76 to $5.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Camden Property Trust.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.27). The company had revenue of $229.80 million for the quarter, compared to analyst estimates of $228.99 million. Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 EPS.
A number of research analysts have commented on the company. BTIG Research boosted their price objective on Camden Property Trust to $93.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. TheStreet cut Camden Property Trust from a “b” rating to a “c+” rating in a research note on Thursday, January 18th. Sandler O’Neill set a $97.00 price objective on Camden Property Trust and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Robert W. Baird restated a “hold” rating and set a $93.00 price objective on shares of Camden Property Trust in a research note on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $90.64.
Shares of CPT traded down $0.16 during midday trading on Friday, reaching $84.77. 846,319 shares of the company were exchanged, compared to its average volume of 484,563. The stock has a market cap of $7,874.77, a PE ratio of 18.71, a P/E/G ratio of 2.94 and a beta of 0.36. Camden Property Trust has a 1-year low of $78.19 and a 1-year high of $96.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 2.24.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Wednesday, March 28th. Camden Property Trust’s payout ratio is presently 67.99%.
Several hedge funds and other institutional investors have recently made changes to their positions in CPT. Goldman Sachs Group Inc. increased its position in shares of Camden Property Trust by 101.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,642,463 shares of the real estate investment trust’s stock worth $243,266,000 after acquiring an additional 1,333,250 shares during the last quarter. BlackRock Inc. increased its position in shares of Camden Property Trust by 8.5% during the fourth quarter. BlackRock Inc. now owns 11,940,510 shares of the real estate investment trust’s stock worth $1,099,242,000 after acquiring an additional 939,465 shares during the last quarter. Deutsche Bank AG increased its position in shares of Camden Property Trust by 30.1% during the fourth quarter. Deutsche Bank AG now owns 3,721,348 shares of the real estate investment trust’s stock worth $342,582,000 after acquiring an additional 860,424 shares during the last quarter. AMP Capital Investors Ltd increased its position in shares of Camden Property Trust by 603.3% during the fourth quarter. AMP Capital Investors Ltd now owns 628,708 shares of the real estate investment trust’s stock worth $57,880,000 after acquiring an additional 539,311 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Camden Property Trust by 19.7% in the fourth quarter. Bank of New York Mellon Corp now owns 2,830,744 shares of the real estate investment trust’s stock valued at $260,599,000 after buying an additional 465,697 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.
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Camden Property Trust Company Profile
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 156 properties containing 53,391 apartment homes across the United States.
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